EPICUSDT.P: short setup from daily support at 0.3665
EPICUSDT.P dropped sharply in a single day, and the fall stopped exactly at the level of a false breakout from a previous long consolidation. So, we take this level as a baseline. After all, the price doesn't hit the exact same spot days later for no reason.The nature of the drop itself also says a lot: dropped hard, paused, dropped further, and now we are pausing again right above the level, having recently confirmed it. I expect a short here.
On the downside, we must consider that the asset has already moved a lot, and it might lack the strength to break the level. But if my entry point forms, I will try it anyway. Taking a stop loss here wouldn't be a big deal, because if the breakout happens, it could be strong enough to catch a 5 to 10 R trade.
Trade fechado: stop atingido
I took two stop losses, and this setup has exhausted itself.Nota
Nota
4 to 1
Focusing on the balance between buyers and sellers at key S/R levels.
Trading Journal: t.me/The_Traders_House
Trading Journal: t.me/The_Traders_House
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Focusing on the balance between buyers and sellers at key S/R levels.
Trading Journal: t.me/The_Traders_House
Trading Journal: t.me/The_Traders_House
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.